• Home
  • Privacy Policy
  • Contact
EURO Finance Hub
  • Bitcoin
  • Cryptocurrency
  • Forex Broker
  • Forex Trading
  • Investing
  • Mica crypto
No Result
View All Result
EURO Finance Hub
No Result
View All Result
Home Bitcoin

Bitcoin ATM bug let thieves siphon off crypto withdrawals

August 22, 2022
in Bitcoin
Bitcoin ATM bug let thieves siphon off crypto withdrawals

A security vulnerability in a series of bitcoin ATM machines allowed cybercriminals to steal valuable tokens from users, it has been revealed.

In an announcement, General Bytes, the maker of the ATMs in question, said that unknown threat actors discovered a zero-day vulnerability in the devices and used it to siphon cryptocurrencies from user accounts.

As the company explained, these ATMs are controlled by a remote Crypto Application Server (CAS), and whoever was behind the theft found a hole in the CAS. 

“The attacker was able to create an admin user remotely via CAS administrative interface via a URL call on the page that is used for the default installation on the server and creating the first administration user,” General Bytes said. “This vulnerability has been present in CAS software since version 20201208.”

Diverting the coins

After that, whenever someone tried to deposit or withdraw cryptocurrency using the ATM, the funds would simply be diverted to a wallet belonging to the hackers.

“Two-way ATMs started to forward coins to the attacker’s wallet when customers sent coins to ATM,” the company further explained.

The company was tipped off by a user whose funds had been stolen. It is unclear how many people were affected by the flaw, or how much in cryptocurrencies the thieves managed to steal. 

Since then, though, a patch has been released. The company has updated the CAS to versions 20220531.38 and 20220725.22 and urged ATM service providers to pull the devices out until they apply the patch. Most of the unpatched devices, roughly two dozen of them, are located in Canada, it was said.

Furthermore, as BleepingComputer reported, the attack would not have been possible in the first place, had the servers been firewalled to only allow trusted IP addresses to establish a connection.

Via BleepingComputer (opens in new tab)

Source link

ShareTweetPin
Previous Post

Cryptocurrency Trading: The Advantages & Disadvantages

Next Post

Bitcoin MVRV Triple Ribbon Again Forms Bearish Cross

Next Post
Bitcoin MVRV Triple Ribbon Again Forms Bearish Cross

Bitcoin MVRV Triple Ribbon Again Forms Bearish Cross

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent News

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs

February 2, 2023
2 Beaten-Down Tech Stocks to Buy in 2023

3 Dividend Aristocrats to Buy Now

February 2, 2023
Financial Accounting Standards Board votes to release draft cryptocurrency in March

Financial Accounting Standards Board votes to release draft cryptocurrency in March

February 2, 2023
Ethereum Looks Better Than Bitcoin Here (ETH-USD)

Ethereum Looks Better Than Bitcoin Here (ETH-USD)

February 2, 2023

Random Updates

Marks Art Gallery

The next ‘Banksy’ on the Horizon Marks Art Kensington DWizz

by Miller
January 28, 2023
0

Marks Art Kensington - DWizz is an up-and-coming street artist whose real identity is yet to still remain anonymous. Unlike...

Crypto Reg Weekly: MiCA Hits Stablecoins

EU Crypto Regulation May Need Clarification

by Miller
March 8, 2022
0

The European Parliament’s Monetary Committee will soon vote on a directive, Markets in Crypto Assets (MiCA), that will regulate crypto...

Sections

  • Bitcoin
  • Cryptocurrency
  • Forex Broker
  • Forex Trading
  • Investing
  • Mica crypto

Follow Us

Recent News

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs

February 2, 2023
2 Beaten-Down Tech Stocks to Buy in 2023

3 Dividend Aristocrats to Buy Now

February 2, 2023
Financial Accounting Standards Board votes to release draft cryptocurrency in March

Financial Accounting Standards Board votes to release draft cryptocurrency in March

February 2, 2023
  • Contact
  • Home
  • Privacy Policy

© 2022 Euro Finance Hub

No Result
View All Result
  • Bitcoin
  • Cryptocurrency
  • Forex Broker
  • Forex Trading
  • Investing
  • Mica crypto

© 2022 Euro Finance Hub